Seabridge Gold (NYSE:SA) Shares Gap Down to $15.32

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) shares gapped down before the market opened on Monday . The stock had previously closed at $15.32, but opened at $14.77. Seabridge Gold shares last traded at $14.72, with a volume of 163,693 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research report on Monday, April 1st.

Seabridge Gold Trading Up 1.7 %

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average is $13.54 and its two-hundred day moving average is $12.12.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). Research analysts predict that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.

Institutional Trading of Seabridge Gold

A number of hedge funds have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV increased its stake in Seabridge Gold by 12.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 225,059 shares of the basic materials company’s stock valued at $3,403,000 after purchasing an additional 24,574 shares in the last quarter. Raymond James & Associates increased its position in shares of Seabridge Gold by 9.7% in the 1st quarter. Raymond James & Associates now owns 884,223 shares of the basic materials company’s stock valued at $13,369,000 after buying an additional 78,186 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in Seabridge Gold during the 1st quarter worth $121,000. Confluence Investment Management LLC bought a new position in Seabridge Gold during the first quarter worth about $565,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter worth about $50,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.